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Proprietorship Firm

Registration of Firm

Proprietorship firm is a types of business structure. In which the proprietor have unlimited liability to its business. To run the proprietorship firm it should be register according to concern Act to concern body of government.

Renew of Firm

Proprietorship firm should be renew time by time as mention in the law to prevent from the penalty. 

Ownership transfer of firm

Transfer of ownership can be done of proprietorship firm according to condition and situation. 

Close of Firm

Close of proprietorship firm means to come all process and function of business to an end. Firm closure is taken as one which may have occurred due to proprietor disputes or also because of reasons other than proprietor disputes such as financial stringency, shortage, crisis and many more. There is a procedure to follow before the closure of firm prescribe by the Act.

Intellectual Property

It is also a property which is created by the help of mind. This types of property should also be register to get the ownership in it. 

Trademark Mark

Is a symbol, marks, labels, any word, or a combination of these things that identifies your goods or services? To get ownership in it registration is mandatory. 

Country/Foreign Trademark Registration

One can register the trademark through the concern body prescribe by the law i.e. department of industry (DOI), in Nepal. In the context of Nepal, the process of registering a trademark takes about 12-15 months with validity for 7 years from the date of certificate issue. It is possible to register a foreign trademark in Nepal too after registration of trademark in its home country

Ownership transfer of Trademark:-

Though it is an intellectual property it can be transfer from one person to another person. One trademark can be transfer to another person only if it having same nature of business.

Renew of Foreign/country Trademark

In order to keep trademark protection in place it must be renewed every 7 years from its registration date in Nepal. If the trademark is not renew at the time prescribed by the law no more protection can get by the law. 

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